Pound Sterling outperforms US Dollar on hopes of Russia-Ukraine truce The Pound Sterling (GBP) climbs to near the psychological resistance of 1.2500 against the US Dollar (USD) in European trading hours on Thursday. The GBP/USD pair strengthens as positive developments in peace talks between Russia and Ukraine have overcome the impact of hotter-than-expected United States (US)
Month: February 2025
The forex markets was subdued in Asian session today. Dollar strength faded quickly after initial boost from stronger-than-expected US inflation data. While the greenback retains most of its gains against Yen, it has started to weaken against other major currencies. The reluctance of Dollar to sustain its rally—despite reduced odds of a Fed rate cut
DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt. “It’s like if I was a doctor and I was speaking with you about your condition, I would say to you, this is
The USDJPY stretched to a swing high of 154.79. Earlier today in a post, I wrote: The next key target lies in the 154.77–154.967 zone, where the 50% midpoint of the 2025 trading range sits at 154.897. This level, situated within the swing area (see red numbered circles), could act as a resistance zone where
The US CPI report yesterday was a hotter one but again, it could perhaps owe a bit to seasonality as warned. In any case, all it served was to reaffirm Fed chair Powell’s stance during his testimony this week that the Fed will be pausing on rate cuts for the time being. Traders had already
Amid high volatility, Gold April futures contracts at MCX opened higher on Thursday at Rs 85,830 per 10 gram, hovering near its higher levels. The yellow metal was up by 0.41% or Rs 349 in early trade. Silver March futures contracts, meanwhile, opened flat at Rs 95,580/kg, marginally up by 0.08% or Rs 78. On
In this article APP Follow your favorite stocksCREATE FREE ACCOUNT Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance. Here’s how the company performed compared with analysts’ expectations, according to LSEG: Earnings
WTI attracts some sellers to around $71.10 in Thursday’s early Asian session. Trump called Putin and Zelenskiy to discuss ending the war in Ukraine. US crude oil stockpiles climbed by 4.07 million barrels last week, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.10 during the early Asian session on Thursday.
Dollar rallied sharply in early US trading after inflation data came in hotter than expected, reinforcing expectations that Fed will maintain its restrictive policy stance for longer than previously anticipated. 10-year Treasury yield surged past 4.6%, extending its strong rebound from earlier in the week. US equity futures plunged, with DOW futures down around -1%
In an aerial view, Chevrolet cars and trucks are on display at Novato Chevrolet on Jan. 28, 2025 in Novato, California. Justin Sullivan | Getty Images Americans shopping for cars may need to fork over thousands more if President Donald Trump’s proposed tariffs go into effect, according to data from investment bank Benchmark Co. Analyst
The USD/CHF spiked higher following the CPI data, reaching an upside target near 0.9152 before fluctuating during Fed Chair comments. The subsequent pullback found support at a key swing area low of 0.9128, reinforcing the significance of this level. Holding above 0.9128 keeps the short-term bias bullish, with buyers maintaining control. A break below, however,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold eased on Wednesday, after hitting an all-time high in the previous session on global trade war fears triggered by U.S. President Donald Trump’s new tariffs, as the market’s focus shifted to a key U.S. inflation report. FUNDAMENTALS * Spot gold fell 0.1% at $2,895.23 per ounce, as of 0033 GMT, after climbing a peak
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Cheng Xin | Getty Images Lyft shares shed about 6% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by
The US Dollar trades fairly flat ahead of the US CPI release on Wednesday. All eyes are back on Fed Chairman Jerome Powell, heading into his second day at Capitol Hill. The US Dollar Index (DXY) is trading sideways around 108.00, still looking for direction. The US Dollar Index (DXY), which tracks the performance of
Yen struggled in the Asian session and stayed weak, with renewed selling pressure driven by a combination of rising US Treasury yields and ongoing concerns over trade policy developments. Market participants are still digesting the implications of US President Donald Trump’s decision to reintroduce tariffs on steel and aluminum imports, with Canada and the EU
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs
After a massive rally of over 19%, NVIDIA (NVDA) stock is at a crucial technical juncture. In this comprehensive technical analysis, we dive deep into the key chart patterns, pivot points, and potential scenarios using advanced technical tools—most notably, the modified Schiff pitchfork. A detailed video analysis is also embedded below for those who prefer
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